Decentralized Bitcoin trading, what not to ignore?

Decentralized Bitcoin trading, what not to ignore? If you want to trade Bitcoin, scalping, day trading or you are already doing it, here is some important information.

Decentralized Bitcoin trading, what is it and is it possible?

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Bitcoin technical analysis – just below

In the news of decentralized finance, we talk a lot about NFT, Metaverse and other projects, but some people ask the question, is it possible to do decentralized trading and especially on Bitcoin?

While crypto-currencies can be used to purchase everyday items in some stores, they are more commonly traded as digital assets for investment profit.

Impressive profits can be made by buying and selling on crypto-currency exchanges. But prices can be very volatile, so you could lose a lot too.

Decentralized Bitcoin trading:

Bitcoin trading is how you can speculate on the price movements of the crypto-currency without necessarily buying Bitcoin. This is because traditionally, you would have to buy Bitcoin via an exchange, hoping that its price would rise over time. But now, those days are over, currently, crypto-currency traders are increasingly using derivatives to speculate on the rise and fall of prices – in order to make the most of Bitcoin’s volatility and without having to actually buy Bitcoin.

This allows one to trade Bitcoin in one’s own way, scalping, day trading, swing trading as one would with an index or gold.

Some people have already made their experience with a broker, they had to send money, after opening an account, and proceed to a lot of so-called security measures before they could actually trade. Then, once they made money, they were confronted with the broker’s system of claw backs.

In order to avoid all these procedures, and above all, in order not to need to trust a broker, by sending him his money, more and more traders are turning to decentralized trading.

At present, we can say that a good decentralized trading platform offers scalping, day trading and swing trading, as is the case with – gmx.io – gains.trade – dydx.exchange

Decentralized Bitcoin trading, the advantages:

The advantages of decentralized trading are obvious:

• no registration, no need to create an account
• high leverage if desired
• no sending money to a broker
• direct trading from your Metamask account, for example
• no need to apply to get your money back

You should know that on some platforms, you can do virtual trading, to familiarize yourself with the platform. Before you start trading for real, this option allows you to get used to the platform, which is recommended.

Another important point, you can also, on some decentralized trading platforms benefit from chat that allows you to communicate with other traders.

Therefore, yes, it is possible to trade Bitcoin on a decentralized trading platform and take advantage of the benefits offered by the blockchain and decentralization.

Now, you know, that when looking to trade Bitcoin, there is an alternative to using centralized exchanges to profit from the rise and fall of its price. You can trade on Bitcoin’s price movements via decentralized and leveraged trading.

For the record, it’s possible to trade dozens of different crypto-currencies as well as decentralized Forex trading.

Decentralized Bitcoin trading, technical analysis (daily)

Decentralized trading with bitcoin, should we refrain from taking a position or on the contrary, is it the right time to take a position?

Spot Bitcoin ETFs have been accepted and the price has surprised many people. In fact, the flow of funds into these ETFs will take place over a period of time, so the impact on the price will be positive but gradual.

Bitcoin Price Analysis and Trading Strategy

Price Movement Overview

Bitcoin made a new ATH, approaching $110,000. However, volatility is very high between $100,000 and $110,000. Until it breaks through the $110,000 zone with volume and becomes a solid support zone, anything remains possible, including $80,000.

However, significant resistance zones have been breached with volume in recent weeks, thanks to Trump’s victory in the Presidential election, which can spark a lot of hope. We discuss this in the article: Trump – Cryptocurrencies and DeFi, united for the better?

The price may have bottomed out, but there’s nothing to confirm this at the moment.

It will be important to keep an eye on the support zone between $102,000 and $100 000, as this is not only an important support, but also a pivot point to determine what the price will do until the end of January.

Upside outlook

If support at $102,000 – $100,0000 is solid and the price remains above this zone, we can quickly hope to return to the $108,000 – $110,000 zone and then aim for the $112,000 – $115,000 zone.

Downward outlook

If the price starts to fall again, i.e. below $100,000, the support to watch is located in the $98,000 zone. Should this level give way, a correction could take Bitcoin back towards $95,000-$93,000. The key level to watch for investors wishing to exploit pullbacks is therefore the $100,000 zone.

Trading strategy

Currently, trading Bitcoin on the upside, according to purely technical analysis, is possible by setting a stop loss in the $100,000 zone. Scalping and day-trading traders can take profits quickly by playing the rebound. For bearish traders, a break below $100,000 could offer an opportunity to sell short. In any case, caution is advised before buying into a short-term position, as long as Bitcoin fails to break through the new key resistance level located in the $108,000 zone.

For a medium- to long-term strategy, if you believe in Bitcoin, the price can be interesting, as it’s an entry point where you can put some of your money. In fact, it’s always better to enter the market in installments. This is not financial advice, it’s just a technical analysis of the price, but you should never forget fundamental analysis, which should always be taken into account if you want to invest for the medium or long term.

Moving averages

The 20- and 50-day moving averages are showing a positive signal, with the 20-day moving average (green) beginning to rise above the 50-day average (red). This configuration is one to watch in the short term.

Bitcoin trading, technical analysis – figures to remember :

Bearish supports to watch:

• 102 000$ – 100 000$
• 98 000$
• 95 000$
• 92 000$

Upside targets :

• 105 000$ – 108 000$
• Target zone: $110,000 – $112,000

The current volatility offers opportunities for traders, but strict risk management is essential. It’s important to wait for clear confirmations before taking firm positions, whether for upside or downside moves.

Want to trade BITCOIN, without a broker, in a 100% decentralized way?

Test it now

What’s true for Bitcoin is often true for other cryptocurrencies, with a few exceptions. This is the reasoning of a good trader, not a casino gambler, and I have nothing against the latter, but you just have to act according to who you are. If you gamble, then don’t be surprised if you lose; otherwise, the trader waits for his chances of winning to be maximized, which frankly isn’t the case at the moment.

WARNING!

1. Trading with or without leverage is risky, you can lose everything you trade.

2. If you live in the USA or are American, you cannot trade on this platform

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Decentralized trading with leverage